BTC Price Falls Below 4-Hour Support at $92,155, Analyst Eyes Monthly Open at $87,600

KuCoinFlash

Release Time: 01/07/2026 16:47:33

BTC

$72,347.602.49%

Summary

On the 4-hour chart, the BTC price dropped below the $92,155 support level on January 8, 2026, falling to around $91,000. Analyst Lennaert Snyder sees potential for shorting, with a target near the monthly opening price of $87,600. A rebound above $90,500 could trigger an exit from the short position. A move beyond $96,500 would indicate a shift toward a bullish trend.

BlockBeats news: On January 8, crypto analyst Lennaert Snyder stated that the price of BTC has fallen to around $91,000, and it also broke below a support level of approximately $92,155 on the 4-hour chart, confirming the downward momentum. The analyst himself is currently looking for shorting opportunities, with a final target price of around $87,600, the monthly opening price (setting two take-profit points during the descent to the low).

In addition, BTC price has support near $90,500. A strong rebound and reversal at this level would lead to closing short positions. If BTC successfully breaks above approximately $96,500, the outlook will turn bullish.

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